Common use of Compensation for the Services Clause in Contracts

Compensation for the Services. a. Vendor’s compensation for the Services shall be based solely on the Services provided b. All sales at the Concession are to be handled by Disney’s personnel whether on ▇▇▇ or by mail order or drop shipping. Vendor shall not accept any money from guests but shall refer all sales transactions, including special orders and mail orders, to Disney personnel for processing through cash registers in accordance with Disney’s standard sales procedures. ▇. ▇▇▇▇▇▇ shall collect the compensation from the guests and shall pay to Vendor sixty percent (60%) of gross revenues from retail sales from the Services, less applicable sales, use, excise or other taxes. Disney shall retain the remaining gross revenues from retail sales from the Services. The term “gross revenues from retail sales from the Services” is denned as all monies and other things of value received by, or paid to, Disney and all credit extended by Disney, arising upon, out of or in connection with the Services at the Concession during the Term, plus the amount of any applicable sales, use, excise or other taxes, less the amount of any of Vendor’s merchandise or products which are returned to Disney or replaced by Disney, less the amount of any refunds made by Disney in connection with the Services, less the amount of any cancelled orders for Vendor’s merchandise or products. Such fee shall be payable on or before Thursday of each week with respect to gross revenues from retail sales from the Services made during the preceding week (Sunday through Saturday), through and including the calendar week immediately following the expiration or sooner termination of this Agreement. ▇. ▇▇▇▇▇▇ shall maintain complete and accurate records evidencing the gross revenues from retail sales from the Services Disney agrees to make available to Vendor once each calendar year, upon thirty (30) days’ prior written request by Vendor, a full, permanent and accurate set of Disney’s accounting books and records relating solely to gross revenues from retail sales from the Services. Vendor will have the right, at its sole cost and expense, to audit said books and records, Disney agrees to keep all such books and records for at least three (3) years following the expiration or sooner termination of this Agreement.

Appears in 1 contract

Sources: Concession Agreement (Propell Corporation.)

Compensation for the Services. a. Vendor’s compensation for the Services shall be based solely on the Services provided, provided. b. All sales at the Concession are to be handled by Disney’s personnel whether on ▇▇▇ site or by mail order or drop shipping. Vendor shall not accept any money from guests but shall refer all sales transactions, including special orders and mail orders, to Disney personnel for processing through cash registers in accordance with Disney’s standard sales procedures. ▇. ▇▇▇▇▇▇ shall collect the compensation from the guests and shall pay to Vendor sixty percent (60%) of gross revenues from retail sales from the Services, less applicable sales, use, use excise or other taxes. Disney shall retain the remaining gross revenues from retail sales from the Services. The term “gross revenues from retail sales from the Services” is denned defined as all monies and other things of value received by, or paid to, Disney and all credit extended by Disney, arising upon, out of or in connection with the Services at the Concession during the Term, plus the amount of any applicable sales, use, excise or other taxes, less the amount of any of Vendor’s merchandise or products which are returned to Disney or replaced by Disney, less the amount of any refunds made by Disney in connection with the Services, less the amount of any cancelled orders for Vendor’s merchandise or products. Such fee shall be payable on or before Thursday of each week with respect to gross revenues from retail sales from the Services made during the preceding week (Sunday through Saturday), through and including the calendar week immediately following the expiration or sooner termination of this Agreement. ▇. ▇▇▇▇▇▇ shall maintain complete and accurate records evidencing the gross revenues from retail sales from the Services Services. Disney agrees to make available to Vendor once each calendar year, upon thirty (30) days’ prior written request by Vendor, a full, permanent and accurate set of Disney’s accounting books and records relating solely to gross revenues from retail sales from the Services. Vendor will have the right, at its sole cost and expense, to audit said books and records, . Disney agrees to keep all such books and records for at least three (3) years following the expiration or sooner termination of this Agreement.

Appears in 1 contract

Sources: Concession Agreement (Propell Corporation.)